The Monetary Policy Committee (MPC) has voted to lower Central Bank interest rates by 0.5 percentage points. The deposit rate (current account rate) will be lowered to 7.5%. The maximum bid rate for 28-day certificates of deposit (CDs) will be 8.75%. The seven-day collateral lending rate will be 9% and the overnight lending rate 10.5%.
Central Bank rates lowered
NOTE: This article is from 17. March 2010 and is therefore more than 5 years old.